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JYK to purchase New Pride's new stocks, become largest shareholder
By 황유미Published : June 24, 2016 - 14:15
[DISCLOSURE] New Pride (900100) has decided on an 18 billion won (US$15.7 million) capital increase with third party allotment to finance operations, it announced on June 24. The logistics company will issue 442,432 shares at 4,072 won per share and offer to JYK Fintek. The payment is due on July 30 and listing date is August 15. After the payment, JYK, an M&A firm based in California, will become the largest shareholder.
